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Foreign borrowing was a key element in Philippine development strategy during the Marcos era. The primary rationale was that "borrowed money would speed the growth of the Philippine economy, improving the well-being of present and future generations of Filipinos". [citation needed] Debt-driven growth, 1970–1983
History of transportation in the Philippines (2 C, 1 P) Pages in category "Economic history of the Philippines" The following 23 pages are in this category, out of 23 total.
During the Spanish colonial era, the tramway was referred to as the Tranvias de Filipinas. [ note 3 ] The decree in 1875 by King Alfonso XII initiated the planning for railways in the Philippines. The following year, in 1876, the Formularios para la reducion de los anteproyectos de ferrocarriles , prepared by the Administracion de Obras ...
The ships made one or two round-trip voyages per year between the ports of Manila and Acapulco from the late 16th to early 19th century. [2] The term "Manila galleon" can also refer to the trade route itself between Manila and Acapulco that was operational from 1565 to 1815. [1]
A kalesa (Philippine Spanish: calesa), is a two-wheeled horse-drawn carriage used in the Philippines. [1] [2] It is commonly vividly painted and decorated. [3]It was the primary mode of public and private transport in the Philippines during the Spanish and the American colonial period.
As industrialization spread throughout Europe and North America in the 19th century, demands for raw materials increased. Although the Philippines had been prohibited from trading with nations other than Spain, the demand led Spain, under Governor-General José Basco, to open the ports to international trade as both as a source of raw materials ...
The Philippines' automobile industry started during the American colonial period from 1898 to 1946, with the introduction of American-made cars, which have been sold in the Philippines ever since. An import substitution policy was developed for the 1950s, which led to the prohibition of and then punishingly high tariffs on the import of fully ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .